Analyzing Brexit: Implications for the Electricity System of Great Britain
The UK’s exit from the European Union (EU) has potential ramifications for the country’s electricity sector, given its increasing interlinkage with other EU electricity systems. Brexit could hamper the development toward higher market integration and the realization of new interc...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2019-08-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/12/17/3212 |
| _version_ | 1798003503084339200 |
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| author | Philip Mayer Christopher Stephen Ball Stefan Vögele Wilhelm Kuckshinrichs Dirk Rübbelke |
| author_facet | Philip Mayer Christopher Stephen Ball Stefan Vögele Wilhelm Kuckshinrichs Dirk Rübbelke |
| author_sort | Philip Mayer |
| collection | DOAJ |
| description | The UK’s exit from the European Union (EU) has potential ramifications for the country’s electricity sector, given its increasing interlinkage with other EU electricity systems. Brexit could hamper the development toward higher market integration and the realization of new interconnector projects. Moreover, a fall in the value of the Pound, resulting from Brexit in the medium term, could also affect the electricity trading structure. Combining a European electricity market model and a multi-criteria decision analysis tool, this study assesses the implications of Brexit for the electricity market of Great Britain (hereafter GB) for 2030, from the perspective of (i) political decision makers, (ii) electricity consumers, and (iii) producers. Results indicate that the implications of Brexit depend on the future development of the GB electricity system and on the objectives of the respective stakeholders. Possible opportunities brought by Brexit under a low-carbon trajectory contrast with greater challenges and tradeoffs between stakeholders under alternative power system development paths. Despite increased British autonomy in energy and climate matters, there remains interdependency between British and EU energy policy. |
| first_indexed | 2024-04-11T12:08:34Z |
| format | Article |
| id | doaj.art-8360613caeb54eb7a3b884489146904e |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-11T12:08:34Z |
| publishDate | 2019-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-8360613caeb54eb7a3b884489146904e2022-12-22T04:24:40ZengMDPI AGEnergies1996-10732019-08-011217321210.3390/en12173212en12173212Analyzing Brexit: Implications for the Electricity System of Great BritainPhilip Mayer0Christopher Stephen Ball1Stefan Vögele2Wilhelm Kuckshinrichs3Dirk Rübbelke4TU Bergakademie Freiberg, D-09599 Freiberg, GermanyForschungszentrum Jülich, Institute of Energy and Climate Research—Systems Analysis and Technology Evaluation (IEK-STE), D-52425 Jülich, GermanyForschungszentrum Jülich, Institute of Energy and Climate Research—Systems Analysis and Technology Evaluation (IEK-STE), D-52425 Jülich, GermanyForschungszentrum Jülich, Institute of Energy and Climate Research—Systems Analysis and Technology Evaluation (IEK-STE), D-52425 Jülich, GermanyTU Bergakademie Freiberg, D-09599 Freiberg, GermanyThe UK’s exit from the European Union (EU) has potential ramifications for the country’s electricity sector, given its increasing interlinkage with other EU electricity systems. Brexit could hamper the development toward higher market integration and the realization of new interconnector projects. Moreover, a fall in the value of the Pound, resulting from Brexit in the medium term, could also affect the electricity trading structure. Combining a European electricity market model and a multi-criteria decision analysis tool, this study assesses the implications of Brexit for the electricity market of Great Britain (hereafter GB) for 2030, from the perspective of (i) political decision makers, (ii) electricity consumers, and (iii) producers. Results indicate that the implications of Brexit depend on the future development of the GB electricity system and on the objectives of the respective stakeholders. Possible opportunities brought by Brexit under a low-carbon trajectory contrast with greater challenges and tradeoffs between stakeholders under alternative power system development paths. Despite increased British autonomy in energy and climate matters, there remains interdependency between British and EU energy policy.https://www.mdpi.com/1996-1073/12/17/3212Brexitelectricity marketsinterconnectorsTOPSIS |
| spellingShingle | Philip Mayer Christopher Stephen Ball Stefan Vögele Wilhelm Kuckshinrichs Dirk Rübbelke Analyzing Brexit: Implications for the Electricity System of Great Britain Energies Brexit electricity markets interconnectors TOPSIS |
| title | Analyzing Brexit: Implications for the Electricity System of Great Britain |
| title_full | Analyzing Brexit: Implications for the Electricity System of Great Britain |
| title_fullStr | Analyzing Brexit: Implications for the Electricity System of Great Britain |
| title_full_unstemmed | Analyzing Brexit: Implications for the Electricity System of Great Britain |
| title_short | Analyzing Brexit: Implications for the Electricity System of Great Britain |
| title_sort | analyzing brexit implications for the electricity system of great britain |
| topic | Brexit electricity markets interconnectors TOPSIS |
| url | https://www.mdpi.com/1996-1073/12/17/3212 |
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